Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Dynamo Sale on the Horizon
Houston Chronicle, November 28th, 2007 5PM

MOST READ

MOST COMMENTED

Major League Soccer wants Anschutz Entertainment Group to sell the Houston Dynamo because the sports and entertainment conglomerate also owns the Los Angeles Galaxy, the league's most recognizable team. According to the Houston Chronicle, a group including the Olympic boxing gold medalist Oscar de la Hoya is interested in acquiring the two-time MLS champ, although the official word from Dynamo President Oliver Luck was "no comment" per a signed confidentiality agreement.

However, prior to any sale, AEG wants to secure the Dynamo's long-term future in Houston. In the next few weeks, the company plans to finalize a deal to build a new stadium in the downtown area. Part of that deal would include a non-relocation provision requiring the new owner to pay a steep penalty for relocating the team.  AEG plans to build a 22,000-capacity open-air stadium in the middle of downtown, between the George R. Brown Convention Center and Minute Maid Park, home of the NBA's Houston Rockets. The project would cost between $70 and $80 million.

City officials added credence to rumors of a possible sale. "We are not oblivious to this situation," said Andy Icken, the city's deputy chief of public works, who's in charge of negotiating a stadium deal. "We will put protective language into any agreement." Meanwhile, MLS Commissioner Don Garber dismissed his own comments made in a New York Times report about the probable sale of the club, saying it would be "very speculative and inappropriate" to suggest that a sale was imminent.

Read the original story...



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Report: Mackay Out of Palace Running    
Malky Mackay, who was considered a shoo-in for the vacant Crystal Palace job, is no longer ...
UEFA Investigates Tavecchio Comments    
Italian soccer federation (FIGC) president Carlo Tavecchio is being investigated by UEFA over an alleged racist ...
Report: Glazers to Keep Man United Five More Years    
The Guardian reports that despite mounting unrest over the Glazer's ownership of Manchester United, the family ...
Barca Denied Transfer Ban Appeal    
Barcelona will be unable to sign any players in 2015 after FIFA rejected its appeal against ...
UCL Playoffs: Higuain Rescues Draw vs. Bilbao     
Athletic Bilbao coach Ernesto Valverde says he had "hoped for something more" following his team's 1-1 ...
Wenger Bemoans Ramsey Suspension After Gunners Stalemate    
Aaron Ramsey was sent off as Arsenal eked out a 0-0 draw away to Besiktas in ...
Simeone: Di Maria is Real's Best Player     
Atletico Madrid coach Diego Simeone said he thinks that Angel Di Maria is Real Madrid's best ...
Colorado College will be Team USA in 2015    
Colorado College, a Division III school, is moving to the Mountain West this season from Conference ...
Hazing investigation prompts cancellation of UNM opener    
In the aftermath of an incident in which Albuquerque fire and rescue and ambulance personnel were ...
Johannsson Has Groin Surgery     
AZ Alkmaar on Tuesday announced that USA forward Aron Johannsson had surgery on his right groin ...
>> Section 2 Around the Net Archives